IBM is Ready to Take Off

By Licia Leslie

April 13, 2025

Hi Shoppers,


Check out my chart in International Business Machines (Ticker: IBM):

It is following my pitchfork famously.

 

Now it is trading back over the median line and ready to run back up to $242.50 and then $246.75.

 

Options aren’t cheap but you may be able to grab some April 17 calls before the earnings report.

 

Use a close below $134 as your stop loss.

 

Trade Review

 

Bitcoin (Ticker: BTCUSD) is clearing the resistance and trading $83,255 (it’s Friday night).

 

As long as it stays over $83,000, I will be a buyer of iShares Bitcoin Trust (Ticker: IBIT) calls on Monday.

 

Thank You for Reading … See You Next Tuesday,

 

Licia Leslie

Licia Leslie

Head of Technical Analysis

pit profits

See what's hot at option pit

CAPITOL GAINS: SMR Aug16 7 call closed for a 150% gain

DELTA STRIKE: VLY Mar15 8 puts closed for a 88% gain

PFE May17 26 calls closed for a 66% win

OP MENTORING: SPY Mar22/19 510 put calendars and 520 calls for 6.4% gain

OPTION SHOPPER: ERX Mar28 65 calls closed for a 90% gain

Licia Leslie

Licia Leslie

Share This Article

Licia Leslie

Pit Report

Big Pharma Just Gave Me a Sell Signal

By Licia Leslie

Licia Leslie

Profits in Pumps

We’re Going Lower

By Licia Leslie

Licia Leslie

Profits in Pumps

Come Join the Fun!

By Licia Leslie

Licia Leslie

Pit Report

I’m Flipping My Microsoft Trade

By Licia Leslie

About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

Popular Posts

Categories

Stay Updated

Subscribe to our newsletter for daily trading insights

Upcoming Events

FOMC Meeting

2:00 PM EST

Earnings Season Begins

Pre-market

Options Expiration

Market Close

NFP Report

8:30 AM EST